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Beneficient BENF Q2 2026 earnings

Reported November 14, 2025 · Before market open

Revenue-$2.8MMiss by $15.7MDiluted EPS-$2.32Miss by $0.16
Revenue estimate$12.9M
EPS estimate-$2.16

Next report

Aug 19, 2026 (in a month)
Revenue estimate$13.4M
EPS estimate-$2.12

Financials

Q2 2026

Income statement

See full
Revenue-$2.8M-132%
Operating income-$17.9M-30.3%
Net income-$17.9M-284%

Balance sheet

See full
Cash & equivalents$4.9M+2.2%
Total debt$104.0M-14.9%
Total equity-$142.8M-983%
Total assets$316.2M-14.3%

Cash flow

See full
Operating cash flow-$14.5M-68.7%
Free cash flow-$14.5M-63.6%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$9.23M+68.0%
Enterprise value$108.29M-11.8%

Profitability

See full
Operating margin394.2%-2,729pp
Net margin410%-2,673pp
FCF margin105.1%-44.8pp

Segments

By segment

See full
Ben Liquidity$8.5M-29.2%
Ben Custody$3.1M-42.6%

Versus estimates

Revenue

Q4 2026-$7.8MMiss by $19.1MQ3 2026-$25.4MMiss by $37.5M
Q2 2026-$2.8MMiss by $15.7M
Q1 2026$198.0KMiss by $16.8MQ3 2025$4.4MMiss by $13.0MQ2 2025$8.6MMiss by $8.6M

Diluted EPS

Q4 2026-$0.30Beat by $0.67Q3 2026-$0.06Beat by $0.86
Q2 2026-$2.32Miss by $0.16
Q1 2026$0.17Beat by $0.38Q3 2025-$5.76Miss by $3.36Q2 2025-$0.16Beat by $2.16

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Questions, answered.

When did Beneficient report Q2 2026 earnings?
Beneficient (BENF) reported Q2 2026 earnings on November 14, 2025 before market open.
What were Beneficient's Q2 2026 revenue and EPS?
Beneficient reported revenue of -$2.8M and diluted EPS of $-2.32 for Q2 2026.
Did Beneficient beat estimates in Q2 2026?
Revenue missed the consensus estimate of $12.9M by $15.7M. EPS missed the consensus estimate of $-2.16 by $0.16.
How did Beneficient's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 132.3% from $8.6M a year earlier and diluted EPS declined 1350.0% from $-0.16.
Where can I find Beneficient's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001775734-25-000050) and the 10-Q periodic report (0001775734-25-000038) directly on SEC EDGAR. The filing index links above go to sec.gov.